of $663.5 million last quarter, compared to the $500.5 million forecast by analysts, and profits of 92 cents per share .Zoom added more than 370,000 new customers in the second quarter, with new customers’ subscriptions deliveringZoom is one of the best performing stocks so far in 2020, largely weathering the pandemic-induced sell-off in March and rising by more than 370% year to date.
The company now expects revenue between $685 million and $690 million in the third quarter, and also raised its financial guidance for the full fiscal year to almost $2.4 billion as it takes into account growing “demand for remote work solutions for businesses.” “Zoom crushed its second-quarter results and once again substantially raised full year revenue guidance,” says Morningstar analyst Dan Romanoff, adding, “While it was virtually impossible to top last quarter’s once-in-a-generation results, Zoom delivered a tremendous encore.
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